QuantGold Acquires Secure Encryption Storage Limited
Deal News | Jul 08, 2025 | Globenewswire
VCI Global Limited, through its portfolio company QuantGold Data Group Limited, has acquired Secure Encryption Storage Limited (SES), an encryption hardware leader with 129 patents and operations in critical sectors across Asia. This acquisition positions VCI Global to enter the encryption infrastructure market, boosting capabilities for sovereign-grade cybersecurity and AI infrastructure. SES brings a suite of certified encryption technologies focusing on resilience against quantum threats and compliance with national standards, facilitating secure, high-value data processing for institutional and enterprise clients in Southeast Asia. This move fortifies VCI Global's investment in cybersecurity and AI monetization, aiming to leverage market trends forecasted to reach billions in value by 2030.
Sectors
- Cybersecurity
- Artificial Intelligence
- Technology Hardware
Geography
- Malaysia – VCI Global is based in Malaysia, and the announcement was made from Kuala Lumpur.
- Southeast Asia – VCI Global and its subsidiaries focus on expanding encryption technologies in regions such as Malaysia, Singapore, and Hong Kong.
Industry
- Cybersecurity – The acquisition involves Secure Encryption Storage, a company specializing in encryption hardware, thereby entering the cybersecurity sector.
- Artificial Intelligence – QuantGold's integration of SES's technology into AI frameworks highlights the intersection of AI and cybersecurity technologies.
- Technology Hardware – The acquired company, SES, specializes in hardware devices with encryption capabilities.
Financials
- US$425 billion – Projected market size of the global cybersecurity sector by 2030.
- US$400 billion – Expected value of the AI data monetization sector by 2035.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VCI Global Limited | Acquiring Company | Company | A diversified global holding company focusing on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. |
| QuantGold Data Group Limited | Acquirer | Company | A portfolio company of VCI Global Limited, specializing in sovereign-grade encrypted data platforms. |
| Secure Encryption Storage Limited | Target Company | Company | An encryption hardware company known for its 129 patents and institutional deployments across Asia. |
| Dato Victor Hoo | Executive | Person | Group Executive Chairman and CEO of VCI Global; CEO of QuantGold. |